Daqing Huake disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 3.5 million yuan and 4.5 million yuan, a year-on-year decline of 50.35% to 61.39%. Deducted non-recurring net profit is expected to be a loss of 300,000 yuan to 500,000 yuan, compared with a profit of 7.9774 million yuan in the same period last year. The company said the decline was mainly due to sharp fluctuations in international crude oil caused by geopolitical conflicts in the Middle East, which intensified volatility in raw material procurement costs and product sales prices. Downstream customers adopted a wait-and-see approach, and the time mismatch in price fluctuations compressed gross margins.
Daqing Huake Co LtdDownstream customers adopted a wait-and-see approach, reducing demand for the company's products.